Roth 401K's that have employer matching are a whole different animal.
IRS regs do change but its usually not a big deal unless you are talking about something else?
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How many of you are actually saving for retirement?
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IRS regs do change but its usually not a big deal unless you are talking about something else?
if you have an employer that does some type of 401k matching it only makes sense to invest in one, otherwise u would be passing up on free money, I did for many years when I worked in corporate America.
Yes because there is no fee on ETF's and no spread on precious metals lmao. It's funny because the average joe would never give medical advice but throws financial advice around like he graduated Harvard.
What rules are "they" going to change in a 401k? And precious metals are a terrible investment. No yield, no true use, and the long-term appreciation rate of gold is 4%, you guessed it,THE INFLATION RATE. And since you know so much you already know the point of investing is to outpace inflation or your purchasing power stays the same year after year.
I got lucky. As soon as I graduated from highschool I got a good job with a great company. I've been going to school and working full time ever since. I will graduate soon with my BA. I also have a technical degree for CAD. I will have no debt coming out of school. My cars are paid for and I took out no student loans. I feel ahead of the game.
I started investing in my 401k at 17yrs old. I defer the max amount that my company will match to. I don't like to pass up free money. My 401k took a hit with the recession but it bounced back and then some. I feel like I will be in good shape when it comes to retirement age. I'm 5-10yrs ahead of most people in terms of investing in a 401k. And with that much of a jump on people, my last 5-10yrs of my career should yeild some nice gains in my retirement fund.
That is one of the best things I've ever done.
I started investing in my 401k at 17yrs old. I defer the max amount that my company will match to. I don't like to pass up free money. My 401k took a hit with the recession but it bounced back and then some. I feel like I will be in good shape when it comes to retirement age. I'm 5-10yrs ahead of most people in terms of investing in a 401k. And with that much of a jump on people, my last 5-10yrs of my career should yeild some nice gains in my retirement fund.
That is one of the best things I've ever done.
The recession was the perfect time to buy. I bought units dirt cheap when the market declined. I like buying low.
^^^ very true, I bought several properties at roughly 50 cents on the dollar per the tax rolls, however, my local rental market has not had a downturn, the rent is exactly the same in these specific markets as before the recession started.
Bowden
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For retirement I invest in a Roth 401k using after tax dollars and my employer matches my contribution.
Also I buy high yield corporate bonds and I Bonds through Treasury Direct.
Also I buy high yield corporate bonds and I Bonds through Treasury Direct.
Here is the exact reg number if you want to check it out;
408(b)(2) disclosure regulation
you are 100% wrong on this one. precious metals are a great investment simply because they are of limited supply and not renewable, you just can't go make more gold, etc. everything isn't about appreciation and inflation it's about having a physical commodity to sell or trade that can't be wiped out with the stroke of a pen or keyboard command as anything stored electronically can.
I'M retarded
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i'm not saving shit, the world is gonna end this year!!!!! thats my plan! if it fails, i'm gonna marry a fat ol nigger bitch that will pop out a every two years, act like my back hurts. live of all your guys taxes. all you need is a few nigglet kids! shit works great in my nieghborhood. fucking government really takes care of there niggers, we got vets, living on the streets, so some 500lb nigger can eat free bacon!
so you only need $400/month is that a lot of money where you live? if your jealous of poor people you should probably just go out in the garage and suck on a shot gun and end it now..
I'M retarded
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$400 a month, your clueless!
$255 each kid x 3 or 4
$986 bad back, plus good pain killers i can sell!
$986 fat obesse black wife.
$986 if we take care of her fat ass black mama
free school clothes for kids, fuck while im in the system i get a free cell phone, well so will my wife and nigglets.
free medical x 5 or 6, hell i can go to hospital when bacon makes me sick or i shit wrong, don't matter to me tax payers pay for it,
maybe section 8 houseing, around here there nice houses
rent voucher 2x a year.
set bills $54 dollar a month for natural gas, shit it's gonna be 95 degrees in my house all winter, with my windows open.
$38 dollar set electric bill, a/c gonna be blasting with the front door wide open.
the perks, no moe child saport my nigga, ssi paid dat shit off!
now i'm gonna take my poor ass and go cry till i get me some moe fwee sheait! go my cousin willy's wit my bad back and moo his fwijarater up 3 flites of stairs!
now that i gots money and all my bills are paid i can sell some crack, so i can chill my my niggas in my town car, till i'm ready to pass out on my porch!
$255 each kid x 3 or 4
$986 bad back, plus good pain killers i can sell!
$986 fat obesse black wife.
$986 if we take care of her fat ass black mama
free school clothes for kids, fuck while im in the system i get a free cell phone, well so will my wife and nigglets.
free medical x 5 or 6, hell i can go to hospital when bacon makes me sick or i shit wrong, don't matter to me tax payers pay for it,
maybe section 8 houseing, around here there nice houses
rent voucher 2x a year.
set bills $54 dollar a month for natural gas, shit it's gonna be 95 degrees in my house all winter, with my windows open.
$38 dollar set electric bill, a/c gonna be blasting with the front door wide open.
the perks, no moe child saport my nigga, ssi paid dat shit off!
now i'm gonna take my poor ass and go cry till i get me some moe fwee sheait! go my cousin willy's wit my bad back and moo his fwijarater up 3 flites of stairs!
now that i gots money and all my bills are paid i can sell some crack, so i can chill my my niggas in my town car, till i'm ready to pass out on my porch!
60% of everything (after tax) i earn goes away for my boys, 2 & 4, bdays/xmas i get cash gifts and throw mine in for them also
my family said why dont i take a holiday or buy myself something nice, truth be told nothing makes me more happy than knowing my boys will have a good life when they grow up,
if all goes to plan by the time they graduate uni i can give them a house/car and help set them up in what they need, i dont care if they appreciate it or not, it all i want to do
for my retirement, i dont care if i sleep under a newspaper on a park bench
my family said why dont i take a holiday or buy myself something nice, truth be told nothing makes me more happy than knowing my boys will have a good life when they grow up,
if all goes to plan by the time they graduate uni i can give them a house/car and help set them up in what they need, i dont care if they appreciate it or not, it all i want to do
for my retirement, i dont care if i sleep under a newspaper on a park bench
nice stats you made up in your head...direct money transfers are limited to $400 a month for the lifetime maximum of 60 months per the Welfare Reform Act of 1996. my guess is you didn't or haven't read the legislation you probably should....
SNAP (food stamps) benefits are for the children and expire at age 18.
for some reason only people on the lower end of the income ladder seem to bitch about this...rich people have no problems with it
ebn, I was not and never give financial advice. I am not qualified to and ma only a layman. I was only saying what I do, and I noted my disappointment with 401Ks.
As for PMs, it's only a small percentage of what little I save. It's a hedge. Just another way to "diversify," and yes there is a spread.
My point is not about fee of the 401K but the hideen fees that can take large amounts of a workers fund over decades.
vicious 13
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I don't want to retire and have to worry about money running out I want to go where I want buy what I want and do what I want
"They" will change whatever rules they want to change. Whenever they want. Happened to me where I work. I wasn't hosed as hard as some, my losses were only a few hundred bucks. Others lost thousands when my employer changed their 401k rules.
there is going to be a major housing surplus in the future (2020-2030) in many states, which will have a large effect on home values and equity. first in the states heavy with baby boomers and then the rest of the country.
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I encourage all of you who don't already to invest on weekly/monthly basis even if its a minimal amount. The other day I used a retirement calculator to show my youngest employee (21) on what putting away just $25/week @ 5% looked like at age 65 and it blew his mind. He's the typical 21yo who wastes serious money on his car and sushi dinners on Friday nights with the local sluts he's trying to impress, but like I told him he has no excuse not to put money away considering what he's paid (about $40K this year). Luckily he agreed and I showed him how to set up a Scottrade account with auto funding. Hopefully he sticks with it.
The best thing my dad ever did was give me a $2k IRA when I was 19yo all while telling me once again there will be no Social Security when you retire so invest accordingly.
The best thing my dad ever did was give me a $2k IRA when I was 19yo all while telling me once again there will be no Social Security when you retire so invest accordingly.
I'M retarded
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it's called baby-boomers selling their homes to finance their retirement which is almost 30% of the total us population.
starting in 2011 10K a day...
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Parrot ^^^ =)
That is not the case at all.
The idea is your tax bracket changes when you retire. Instead of paying taxes in a 35-50% bracket you now pay in the 15-20% range. YOU PAY LESS IN TAXES PERIOD.
The only fees are those of the selected funds inside the plan. The employer has all of the costs tied to the plan, NOT the employee. No matter where you go you'll pay fees on funds PERIOD.
When I was bartending in college a regular who used to come in gave me retirement advice. He was a millionaire (He came in each day and drank expensive wine/champagne)
He said not to try and get rich quick but save 10% of your income each year and invest it when good deals come by.
He said not to try and get rich quick but save 10% of your income each year and invest it when good deals come by.
Warren buffett and history disagree with you. WARREN BUFFETT: WHY GOLD IS A LOSING LONG-TERM BET???. | PRAGMATIC CAPITALISM
And the value of your gold can vanish with the stroke of a keyboard, it trades in the open market just like a stock. If the world economy returns to better days, you will see the value of your gold disappear, like in 1980 on this historical chart. Gold is only worth what you and I agree it's worth. Commodity Charts - Gold Futures
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